Europe and Brexit: Don't try to second guess the impact

Growth is hard to come by as the global economic backdrop remains subdued, particularly in Europe, writes Crux Asset Management's Roland Grender.

Interest rates continue to drop, and German 10-year government bonds have provided a negative yield since the Brexit vote.  While this is unhelpful for financial businesses, it does provide very cheap funding for potential M&A and should be supportive for equities, especially cash generative companies with strong balance sheets. Europe: The challenge of finding the best prospects in a diverging union Europe is home to strong businesses which have global footprints and whose fates are not inextricably intertwined with that of their continent of birth, offering rich pickings to those...